If Iran keeps its end of the bargain, the West may further open its markets to Iranian goods.
![A general view of an oil dock is seen from a ship at the port of Kalantari in the city of Chabahar, east of the Strait of Hormuz [REUTERS]](/wp-content/uploads/2016/02/5edae406734046a89271c45b3709b6d6_18.jpeg?resize=270%2C180&quality=80)

Elena Ianchovichina is lead economist in the Chief Economist Office of the World Bank's Middle East and North Africa region.
If Iran keeps its end of the bargain, the West may further open its markets to Iranian goods.
![A general view of an oil dock is seen from a ship at the port of Kalantari in the city of Chabahar, east of the Strait of Hormuz [REUTERS]](/wp-content/uploads/2016/02/5edae406734046a89271c45b3709b6d6_18.jpeg?resize=270%2C180&quality=80)
The Levant has lost billions to capital depletion and disrupted regional trade due to the war.
![Countries most affected by the war have borne the brunt of the direct economic costs of it [Reuters]](/wp-content/uploads/2014/12/2014122282938860734_20.jpeg?resize=270%2C180&quality=80)